Energy Blockchain

An Analysis of the Decentralized Exchange (DEX) Functionality of the Internet of Energy Network (IOEN)

The Internet of Energy Network (IOEN) aims to revolutionize the energy industry through decentralized technology by building an interconnected system of virtual microgrids to facilitate transactions within local energy ecosystems. The IOEN token is at the core of this ecosystem; it is used not only to pre-purchase energy credits but also serves governance and staking functions. Although IOEN itself is an energy network protocol, its token, IOEN, can be traded on decentralized exchanges (DEXs), such as Quickswap. This article will delve into IOEN’s DEX capabilities and its role within the broader energy ecosystem.